Currency unions in prospect and retrospect
We critically review the recent literature on currency unions and discuss the methodological
challenges posed by the empirical assessment of their costs and benefits. In the process, we …
challenges posed by the empirical assessment of their costs and benefits. In the process, we …
The macroeconomic costs and benefits of the EMU and other monetary unions: an overview of recent research
This article provides an overview of recent research into the macroeconomic costs and
benefits of monetary unification. We are primarily interested in Europe's monetary union …
benefits of monetary unification. We are primarily interested in Europe's monetary union …
Interactions of commitment and discretion in monetary and fiscal policies
We consider monetary-fiscal interactions when the monetary authority is more conservative
than the fiscal. With both policies discretionary,(1) Nash equilibrium yields lower output and …
than the fiscal. With both policies discretionary,(1) Nash equilibrium yields lower output and …
A fiscal union for the euro: Some lessons from history
MD Bordo, L Jonung, A Markiewicz - CESifo Economic Studies, 2013 - academic.oup.com
The recent financial crisis starting in 2007–2009 is the longest and the deepest recession
since the Great Depression of 1930. The crisis that originated in the US subprime mortgage …
since the Great Depression of 1930. The crisis that originated in the US subprime mortgage …
[PDF][PDF] Should the European Central Bank and the Federal Reserve be concerned about fiscal policy?
MB Canzoneri, RE Cumby, B Diba - Rethinking stabilization …, 2002 - kansascityfed.org
Can the Federal Reserve or the European Central Bank (ECB) be held responsible for price
stability, regardless of how fiscal policy is conducted? Is legal independence sufficient to …
stability, regardless of how fiscal policy is conducted? Is legal independence sufficient to …
Symbiosis of monetary and fiscal policies in a monetary union
We consider the interaction between the monetary policy in a monetary union, and the
separate fiscal policies of the member countries. We use a Barro–Gordon-type model …
separate fiscal policies of the member countries. We use a Barro–Gordon-type model …
Coordination and crisis in monetary unions
We study fiscal and monetary policy in a monetary union with the potential for rollover crises
in sovereign debt markets. Member-country fiscal authorities lack commitment to repay their …
in sovereign debt markets. Member-country fiscal authorities lack commitment to repay their …
One money, but many fiscal policies in Europe: What are the consequences?
H Uhlig - But Many Fiscal Policies in Europe: What are the …, 2002 - papers.ssrn.com
This paper outlines some issues regarding the interaction of independent fiscal authorities
and one central bank in the European monetary union. It points out the possibilities for …
and one central bank in the European monetary union. It points out the possibilities for …
Central bank independence and macro-prudential regulation
Central bank independence and macro-prudential regulation - ScienceDirect Skip to main
contentSkip to article Elsevier logo Journals & Books Search RegisterSign in View PDF …
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[BOOK][B] Defining a macroeconomic framework for the euro area
A Alesina - 2001 - books.google.com
The third title in the MECB series begins with a review of the main events of the year and
how the ECB has dealt with them. The authors focus mainly on eurozone inflation and the …
how the ECB has dealt with them. The authors focus mainly on eurozone inflation and the …